BOIL vs. ^DJUSEN
BOIL (ProShares Ultra Bloomberg Natural Gas) is Leveraged Commodities fund tracking the Bloomberg Natural Gas Subindex, while ^DJUSEN (Dow Jones U.S. Oil & Gas Index) is an index. Over the past 10 years, BOIL returned -56.95%/yr vs 5.87%/yr for ^DJUSEN. At a 0.15 correlation, their price movements are largely independent.
Performance
BOIL vs. ^DJUSEN - Performance Comparison
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Returns By Period
In the year-to-date period, BOIL achieves a -36.77% return, which is significantly lower than ^DJUSEN's 29.88% return. Over the past 10 years, BOIL has underperformed ^DJUSEN with an annualized return of -56.95%, while ^DJUSEN has yielded a comparatively higher 5.87% annualized return.
BOIL
- 1D
- 4.32%
- 1M
- 4.62%
- YTD
- -36.77%
- 6M
- -62.98%
- 1Y
- -74.31%
- 3Y*
- -60.61%
- 5Y*
- -64.63%
- 10Y*
- -56.95%
^DJUSEN
- 1D
- 1.29%
- 1M
- -1.71%
- YTD
- 29.88%
- 6M
- 27.71%
- 1Y
- 40.39%
- 3Y*
- 14.04%
- 5Y*
- 16.45%
- 10Y*
- 5.87%
BOIL vs. ^DJUSEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOIL ProShares Ultra Bloomberg Natural Gas | -36.77% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -74.74% | -67.70% | -20.55% | -65.72% |
^DJUSEN Dow Jones U.S. Oil & Gas Index | 29.88% | 4.71% | 3.58% | -4.37% | 56.42% | 47.58% | -36.74% | 6.42% | -21.15% | -4.21% |
Correlation
The correlation between BOIL and ^DJUSEN is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2011 | 0.15 |
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Return for Risk
BOIL vs. ^DJUSEN — Risk / Return Rank
BOIL
^DJUSEN
BOIL vs. ^DJUSEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Natural Gas (BOIL) and Dow Jones U.S. Oil & Gas Index (^DJUSEN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BOIL | ^DJUSEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.32 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 3.32 | -4.24 |
| Martin ratioReturn relative to average drawdown | -1.26 | 9.45 | -10.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BOIL | ^DJUSEN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 2.00 | -2.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | 0.64 | -1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.56 | 0.19 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.21 | -0.82 |
Drawdowns
BOIL vs. ^DJUSEN - Drawdown Comparison
The maximum BOIL drawdown since its inception was -100.00%, which is greater than ^DJUSEN's maximum drawdown of -77.35%. Use the drawdown chart below to compare losses from any high point for BOIL and ^DJUSEN.
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Drawdown Indicators
| BOIL | ^DJUSEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -77.35% | -22.65% |
Max Drawdown (1Y)Largest decline over 1 year | -80.85% | -12.24% | -68.61% |
Max Drawdown (3Y)Largest decline over 3 years | -96.86% | -20.99% | -75.87% |
Max Drawdown (5Y)Largest decline over 5 years | -99.91% | -25.73% | -74.18% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -70.18% | -29.81% |
Current DrawdownCurrent decline from peak | -100.00% | -7.00% | -93.00% |
Average DrawdownAverage peak-to-trough decline | -93.59% | -22.80% | -70.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.20% | 4.29% | +54.91% |
Volatility
BOIL vs. ^DJUSEN - Volatility Comparison
ProShares Ultra Bloomberg Natural Gas (BOIL) has a higher volatility of 23.95% compared to Dow Jones U.S. Oil & Gas Index (^DJUSEN) at 7.99%. This indicates that BOIL's price experiences larger fluctuations and is considered to be riskier than ^DJUSEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOIL | ^DJUSEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.95% | 7.99% | +15.96% |
Volatility (6M)Calculated over the trailing 6-month period | 107.61% | 16.44% | +91.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.64% | 20.30% | +93.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.89% | 25.76% | +93.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.81% | 30.46% | +71.35% |
Frequently Asked Questions
BOIL and ^DJUSEN have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (23.95%) compared to ^DJUSEN (7.99%). In terms of maximum drawdown, BOIL dropped -100.00% vs ^DJUSEN's -77.35%.
^DJUSEN currently has the higher Sharpe Ratio (2.00 vs -0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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